HOW MANY INNOCENT PEOPLE WILL BE MURDERED BY BLACKS TODAY?..........THE LOOTING ACROSS AMERICA is as black as the staggering murder and crime rates of BLACKS ACROSS AMERICA. Black Lives Matter? NO LIFE MATTERS TO BLACKS!

Friday, May 12, 2017

AMERICA: NO DAMNED LEGAL NEED APPLY!

WASHINGTON (May 12, 2017) – The Bureau of Labor Statistics’ data for the first quarter of 2017 shows abysmal labor force participation, particularly for those without a college education. A new analysis by the Center for Immigration Studies shows that the participation rate has not returned to pre-2007 recession levels, and the rate looks even worse relative to 2000. The unemployment rate has improved in recent years; but the numbers are deceiving, as the official unemployment rate includes only those who have looked for a job in the last four weeks and not those of working-age who are no longer working or looking for work.

Dr. Steven Camarota, the Center’s director of research and author of the analysis, said, “These newest employment numbers show the dismal employment picture for less-educated, low-skilled workers – the vulnerable Americans who compete with H-2B non-agricultural guest worker visa holders for jobs like landscaper, construction worker , housekeeper, waiter, bellhop, or kitchen helper." Congress recently voted to give DHS Secretary Kelly the authority to more than double the number of H-2B visas issued.

Camarota concluded, "The latest numbers show no evidence of there being a shortage of U.S. workers for these jobs that are presently being filled by foreign workers."

The overall unemployment rate for natives in the first quarter of 2017 was 4.9 percent (6.5 million), a dramatic improvement over the peak in the first quarter of 2010 at 10.2 percent. However, the rate is still above the 4.4 percent in the same quarter in 2000.

The overall unemployment rate obscures the low labor force participation rate, however, especially among those without a college education.

There has been a long-term decline in the labor force participation rate of working-age (18 to 65) natives without a bachelor's degree. Only 69.6 percent of natives in this group were in the labor force in the first quarter of 2017; in 2007, before the recession, it was 73.8 percent, and in the first quarter of 2000 it was 76.1 percent.

The labor force participation rate of natives without a college degree shows no meaningful improvement in the last four years. For example, in the first quarter of 2012 it was actually slightly better than it was in the first quarter of 2017.

The decline in labor force participation among those without a bachelor's degree is even more profound when it is measured relative to those who are more educated.

In the first quarter of 2017, 69.6 percent of natives without a bachelor's degree were in the labor force, compared to 85.5 percent of those with a bachelor's degree — a 15.9 percentage-point difference. In the first quarter of 2007, the gap was 12.4 percentage points, and in the first quarter of 2000 the gap was 11.7 percentage points.

Among Immigrants:

Working-age immigrants without a college education also have not fared well since the recession. Unlike the labor force participation of natives, immigrants without a college education did improve their situation between 2000 and 2007. But it has not returned to 2007 levels. Also like natives, there has been no meaningful progress in the last few years.

In the first quarter of 2017, the labor force participation rate of immigrants (18 to 65) without a bachelor's degree was 72.1 percent, somewhat better than that of natives, but still below their rate of 73.4 percent in the first quarter of 2007.

Immigrants and Natives Not in the Labor Force:

In the first quarter of 2017, there were a total 50.6 million immigrants and natives ages 18 to 65 not in the labor force, up from 43.3 million in 2007 and 37.2 million in 2000.

Of the 50.6 million currently not in the labor force, 40.7 million (80 percent) did not have a bachelor's degree.

The above figures do not include the unemployed, who are considered to be part of the labor force because, although they are not working, they are looking for work. There were almost eight million unemployed immigrants and natives in the first quarter of this year; more than three-fourths of the unemployed do not have a bachelor's degree.

“The lifetime costs of Social Security and Medicare
benefits of illegal immigrant beneficiaries of President Obama’s executive amnesty
would be well over a trillion dollars, according to Heritage Foundation expert Robert
Rector’s prepared testimony for a House panel obtained in advance by Breitbart
News.”

AMERICA: NO LEGAL NEED APPLY

REPORT: The assault to finish off
the American middle-class is NOT over

“The report noted that many illegals don't have jobs or have
difficulty in landing good jobs because of local laws.”

“However, it identified several states that have begun easing
employment laws so that illegals can get a job.”

THE HORDES KEEP COMING!

While the declining job market in the United States may be
discouraging some would-be border crossers, a flow of illegal aliens continues
unabated, with many entering the United States as drug-smuggling “mules.”

“The
lifetime costs of Social Security and Medicare benefits of illegal immigrant
beneficiaries of President Obama’s executive amnesty would be well over a
trillion dollars, according to Heritage Foundation expert Robert Rector’s
prepared testimony for a House panel obtained in advance by Breitbart News.”

US corporate profits up 13.9 percent on cost-cutting and low wages

By Barry Grey9 May 2017

Former Obama administration officials joined the Trump administration and the media in hailing the April employment figures released Friday as proof that the US economy has reached “full employment” and essentially completed its “recovery” from the Great Recession.

According to the Bureau of Labor Statistics, the US economy added 211,000 private-sector non-farm jobs in April and the official jobless rate dropped to 4.4 percent, the lowest level in more than a decade.

“JOBS, JOBS, JOBS!” tweeted President Donald Trump. “Great news,” Labor Secretary Alexander Acosta said on Twitter, adding later in a statement, “The steady and sustained increase in job creation equals new paychecks for American workers and income for American families.”

Jason Furman, the chief economic adviser in the Obama administration, said, “The momentum in the job market is really impressive.” The New York Times wrote that the report showed “a labor market closing in on full capacity,” particularly in “the country’s flourishing urban centers.”

On Monday, Cleveland Federal Reserve President Loretta Mester, speaking in Chicago, said, “We have met the maximum employment part of our mandate and inflation is nearing our 2 percent goal.”

The message from the ruling elite is clear: This is as good as it gets.

To present the jobs report as proof of a healthy economy, certain aspects of the report itself had to be downplayed or ignored, including the fact that average job creation so far this year, 185,000 a month, is actually lower than in 2014 and 2015. Even more significant, the number of people not in the labor force actually rose by 162,000 last month, and the proportion of the population in the labor force fell by a tenth of a percent. At 62.8 percent, the labor force participation rate remains only marginally above a four-decade low.

While the share of prime working age Americans (25 to 54) who are employed rose in April, it remains well below the level at the peak of the last economic cycle and even further below the level in 2000. This means there are millions of working-age people who have been effectively excluded from the job market as a result of decades of factory closures and mass layoffs, a process that has intensified since the 2008 financial crash. These millions of people, living on the edge of society, are not even counted in the official unemployment rate.

Moreover, the vast bulk of the new jobs created in April were once again in the cheap-labor service sector, where many workers receive poverty-level wages. The statistic that is perhaps most revealing about what is being presented as the “new normal” for a healthy economy is the miserable year-on-year average wage increase of 2.5 percent, barely above the official inflation rate.

Even in 2006 and 2007, annual wage growth for non-managerial workers of 4 percent or more was normal. That has been cut almost in half.

On Saturday, the same day the Wall Street Journal reported the April employment figures, the newspaper featured a front-page article on US corporate profits in the first three months of 2017 that pointed to the real driving forces of the new “full employment” economy. Profits at S&P 500 companies surged an estimated 13.9 percent in the first quarter, the biggest quarterly profit gain in five years.

At the heart of the profit bonanza, the Journal explained, was a relentless and ongoing drive to cut costs by holding down wages, cutting jobs and slashing spending on new plants and equipment. US big business, the newspaper wrote, was reaping “the benefits of years of belt-tightening” under conditions of a pickup in demand.

Because of the continuing focus on slashing costs, profits rose nearly twice as fast as revenue. Spending on equipment and buildings, i.e., productive investment, rose by a mere 1.5 percent in the first quarter. Half the sectors of the US economy actually cut capital spending from a year earlier.

The Journal provided some examples. Caterpillar, the heavy machinery giant, reported a quarterly sales increase of about 4 percent, while doubling its profit, excluding restructuring costs. The company has cut its global workforce by at least 16,000 since late 2015, a reduction of roughly 10 percent. It has closed or announced the shutdown of plants in South Carolina, Florida, North Carolina, Illinois and Belgium.

The energy sector, partially recovering from the oil price collapse of previous years, saw a 31 percent rise in revenues from the year-ago period. Based on its ruthless cost-cutting over the past two years, including the elimination of over 200,000 jobs, the sector enjoyed a profit boost of 647 percent.

Exxon Mobil, whose former CEO Rex Tillerson is now Trump’s secretary of state, reported a doubling of its profits in the first quarter, while its capital expenditures dropped by 19 percent, as it “remained disciplined in its investment.”

Much of the cash being taken in by the top corporations on this entirely regressive basis is being funneled to big shareholders in the form of dividends and stock buybacks.

On Sunday, the Financial Times devoted its “The Big Read” page to an article extolling the achievements of 3G Capital, an investment fund that partnered with Warren Buffett to buy the food conglomerate Heinz in 2013 and merge it with Kraft Foods two years later. What the newspaper called “The lean and mean approach of 3G” has resulted in more than 10,000 Heinz and Kraft workers—one-fifth of the work force—being laid off and seven factories closed down.

3G’s “brutal but disciplined attack on costs” produced a 58 percent surge in profits within two years, and a profit margin of 28 percent. This compares to an average profit margin in the food industry of 16 percent.

Such is the utterly parasitic secret to the much-touted “recovery” in the US economy and job market. A combination of speculation that feeds off of the destruction of productive forces and ever greater exploitation of the working class benefits a new aristocracy by impoverishing ever broader layers of the US and world population.